Hello all sifus,
BAD LUCK... NEED YOUR HELP.
I deal with agent for a unit of apartment.
19-May-2011 I paid 2% of RM260k as earnest money to purchase an apartment in Penang. Agent asked to pay the Money direct to owner.
27-May-2011 All bank approved, I planned to sign S&P, end up no sign because last minutes housing loan agent informed me that the owner is being sue to be bankrupt hearing on June, info from CTOS.
Because of this, the following few days, all bank loan rejected.
31-May-2011 We signed another legal document that The booking is valid until the CTOS record clear (infinite date), then only i will proceed for S&P or owner pay me back the 2% to cancel the booking to protect myself.
Now i want to get back the 2% but the owner said no money to refund. Any action i can take to get the refund?

as a buyer, i have a right for a 2% refund since u have signed another legal documents regarding the booking wherein u as the buyer can proceed with the S&P or get back the 2% from the vendor. and u choose to get the 2% back.

prepare a letter to the seller, enclosing the copy of documents that u have signed and inform that u will proceed with legal suit if the money is not refunded.

Take this before the Valuers and Appraisal board for real estate. Don't delay since the agent should not keep your earnest deposit. A refund of the full 2% is imminent sine the agent failed in doing their job._________________RC

You cannot post new topics in this forumYou cannot reply to topics in this forumYou cannot edit your posts in this forumYou cannot delete your posts in this forumYou cannot vote in polls in this forum

This is a free forum intended to foster communication between
all users.
Hileytech Sdn Bhd does not guarantee the correctness or validity of postings,
nor does Hileytech endorse any postings. No posting or contents in this forum
can be copied and reproduced without prior permission from Hileytech and the
owner of the posting. All other names and marks are trade names, trademarks or
registered trademarks of their respective owners.
Powered by phpBB,
Another web site by www.hileytech.com,Forum Archive
Tel : +603-89449965, +603.89449365 :: Fax : +603-89440665 :: hiley@hileytech.com